hey say it takes money to make money, and that holds true within the realm of investing. After all, you can’t build a portfolio without money. Once you do, however, you’ll have the potential to grow your money into a much larger sum over time.
But what if you only have $1,000 to start off with? If that’s the case, you’ll want to make the most of your limited funds. Here’s how.
With ETFs, you get to own a bucket of stocks with a single investment. And if you buy S&P 500 ETFs, you’ll effectively be getting a piece of the 500 largest publicly traded companies in the market today.
If you’re limited to a $1,000 investing budget and there’s a company you want to own with a stock price of $500 a share, you don’t have the makings of a very diverse portfolio. Even if you limit yourself to a single share, you’ll still have half of your assets tied up in one company.
